Flexible Mortgage Solutions

The Ready-For-Anything Mortgage

For when you discover twins run in the family.

Connect with a TD Mobile Mortgage Specialist

TD mortgages have options that fit your life and help you prepare for the unexpected. Whether you’re having a baby, taking a sabbatical, or your financial needs grow and change with time, a TD mortgage offers a range of flexible features to suit you.


The Ready-For-Anything Mortgage

Watch HGTV’s Sarah Richardson as she talks mortgage features flexibility with new homeowners.


Expand Speed Up Your Payments

Pay your mortgage faster and save money

Increase the frequency of payments

Take advantage of biweekly or weekly payment options. To do so, halve the monthly payment amount you currently make, or even quarter it and make payments on a weekly basis. The result? You pay less interest over time, and more of your money will go against the principal you owe.

Chiara and Johnny tell HGTV’s Sarah Richardson how they use frequent payments.


Take advantage of increased payment options

By increasing your mortgage payment amount, you can reduce your interest costs and have the benefit of  paying down your mortgage faster. As a TD Canada Trust customer, you may increase your payment by up to 100% of the regular payment amount during the term of the mortgage once per calendar year.

HGTV’s Sarah Richardson learns why Irada and Nathan like being able to increase their payments.


Take advantage of lump sum payments

You can pay off your mortgage faster by making lump sum pre-payments. Lump sum pre-payments are applied to your principal amount, and can significantly reduce your interest costs. As a TD Canada Trust customer, you can make a lump sum pre-payment of up to 15% of the original borrowed amount each year without prepayment charge on your closed mortgage term.

Amanda and Darren tell HGTV’s Sarah Richardson how making a lump sum pre-payment helped them.


Combine money saving strategies

You don’t have to use just one strategy to save – you can combine all three of the ideas outlined above.

Amanda and Lee explain to HGTV’s Sarah Richardson how their mortgage advisor helped them understand what they needed.


Expand Slow Down Your Payments

Need to take a breather from your mortgage? No problem.

Payment Pause

When you need to take a break from your mortgage payment or respond to an unexpected situation, it is great to know that you have the flexibility to pause a mortgage payment. Skip the equivalent of one monthly mortgage payment, one time per calendar year, no more than four times during the amortization period of your mortgage.

Amanda and Lee explain to HGTV’s Sarah Richardson how their mortgage advisor helped them understand what they needed.


Payment Vacation

If you're preparing for a big or life-changing event like staying home with a new baby or taking a sabbatical from work, consider a payment vacation. Make lump sum pre-payments or pre-pay a little more each month towards the opportunity to take up to 4 months off from making your mortgage payment when it benefits you the most.

HGTV’s Sarah Richardson learns why Irada and Nathan appreciate being able to take a payment vacation.


Payment Reduction

Planning on taking a parental leave, a sabbatical from work, pursuing your studies while working part-time, or financing an unexpected expense? A payment reduction is a good feature to consider. A payment reduction lets you continue making a portion of your mortgage payments, while making room for a new chapter in your life. You can either plan ahead and prepay the reduced amount of your mortgage payments, or take a one-time payment reduction.

Chiara and Johnny tell HGTV’s Sarah Richardson how they use payment reduction to help manage their mortgage payments.